This piece of silver neck decoration was sent from Turkmenistan. It is made in sections which would be threaded onto leather. The silver is very impure and has other metals mixed into it including tin, the design is quite typical.
Normally these collars are made of nail shaped bits of silver sewn onto leather. I cannot be sure that this one is a horse collar, it may be a belt, but it certainly is the right size for a horse’s neck.
Provenance: purchased from Anna Merdova, Turkmenistan for Private collector 2003 approx value £60.